Burnaby location one of two Chartwell seniors' long-term care homes to be sold

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Nanaimo listed as the second location.

Chartwell Retirement Residences plans to sell its Chartwell Carlton Care Residence in Burnaby and its Chartwell Malaspina Care Residence in Nanaimo for $112 million before transaction costs and other adjustments.

Ontario long-term care management platform, which services an additional six homes, to AgeCare. AgeCare and Axium are also buying one Ontario care home that Chartwell is developing. Volodarsky said that his experience working with AgeCare and Axium "strengthened my confidence that they are exactly the right partners."

 

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